CS Wycliffe Oparanya before the Senate plenary-Photo|Courtesy
12,000 Saccos to face deregistration over failure to file returns
Co‑operatives Cabinet Secretary Wycliffe Oparanya has cautioned more than 12,000 Savings and Credit Cooperative Societies (Saccos) that they risk deregistration for failing to file annual returns, in a move aimed at protecting citizens from dormant and fraudulent accounts. Appearing before the Senate, Oparanya revealed that out of 14,000 registered Saccos, only 2,000 have complied with…
